Chubb Limited $CB Stake Boosted by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its position in Chubb Limited (NYSE:CB) by 134.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,356 shares of the financial services provider’s stock after acquiring an additional 63,838 shares during the period. Chubb accounts for about 0.7% of Sterling Capital Management LLC’s investment portfolio, making the stock its 29th largest holding. Sterling Capital Management LLC’s holdings in Chubb were worth $36,219,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CB. Berkshire Hathaway Inc bought a new stake in shares of Chubb in the 2nd quarter worth approximately $11,670,067,000. BlackRock Inc. bought a new position in Chubb in the 2nd quarter valued at approximately $9,913,336,000. GQG Partners LLC purchased a new stake in Chubb during the 2nd quarter valued at $4,250,113,000. Bank of America Corp DE boosted its stake in Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock valued at $1,599,868,000 after purchasing an additional 147,876 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Chubb by 74.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock worth $1,114,906,000 after purchasing an additional 1,457,992 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CB shares. Citigroup reaffirmed a “buy” rating and set a $405.00 price target (up from $395.00) on shares of Chubb in a report on Wednesday. The Goldman Sachs Group lifted their price objective on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. UBS Group boosted their target price on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Evercore restated an “outperform” rating and set a $374.00 target price on shares of Chubb in a research note on Friday, July 10th. Finally, Wells Fargo & Company raised their price target on shares of Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $361.09.

Chubb Stock Performance

Shares of CB traded down $8.79 during trading hours on Friday, hitting $355.16. The stock had a trading volume of 1,660,993 shares, compared to its average volume of 1,597,762. The firm has a market capitalization of $137.02 billion, a PE ratio of 12.43, a PEG ratio of 1.62 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.29. Chubb Limited has a 12 month low of $273.35 and a 12 month high of $365.91. The stock has a fifty day moving average price of $341.68 and a 200 day moving average price of $337.44.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The company had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. During the same quarter in the prior year, the company earned $7.49 earnings per share. Analysts anticipate that Chubb Limited will post 27.83 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio is currently 14.28%.

More Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s latest earnings call highlighted solid profits, strong underwriting performance and investment-float growth, supporting the view that the insurer’s core business remains healthy. Chubb Earnings Call Highlights
• Positive Sentiment: Goldman Sachs maintained its Buy rating, while Wells Fargo raised its price target to $366 and JPMorgan increased its target to $374, indicating some analysts still see additional upside. Wells Fargo Rating
• Positive Sentiment: One analysis argued that Chubb may remain inexpensive despite a roughly 105% run, with valuation supported by its earnings power and underwriting results. Chubb Valuation Analysis
• Neutral Sentiment: Wells Fargo kept an Equal Weight view, JPMorgan and Mizuho retained Neutral ratings, and Cantor Fitzgerald, Barclays and Deutsche Bank maintained Hold ratings. The broad analyst stance remains cautious rather than decisively bullish. Deutsche Bank Rating
• Negative Sentiment: Several revised targets remain close to the trading price: Mizuho’s $350 target implies downside, while the reported consensus target of $358.36 suggests limited near-term appreciation. This may be weighing on the stock after its strong advance. Chubb Consensus Price Target

Insider Buying and Selling

In other news, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.